Questions tagged [confirmations]

Confirmations correspond to the number of blocks that are dependent on a given transaction. This includes the block containing that transaction and all blocks after it in the blockchain. The more confirmations a transaction has, the more likely is it that it will remain in the blockchain permanently.

i learned about hard and soft forks from this question; now i have a basic understanding about forks; but the answers of that question did not say what happens to transactions on the stale chain; if i ...

I have created a transaction with high miner's fee and it is now in mempool (in testnet):
https://live.blockcypher.com/btc-testnet/tx/abcc4ce473f490896e87102fe3ffb857ff735a0fc97525dadf9c5b0ed5410f9f/
...

Bitcoin block interval time is on average 10 minutes, that is the difficulty is adjusted in such a way that every 10 minutes a miner will manage to find the right hash. This is just an average time ...

I'm reading through an explanation about 6 confirmations on stackexchange which eventually lead to this: https://bitcoil.co.il/Doublespend.pdf
Having a hard time internalize that complex math, so I ...

One of the solution to address low latency and high scalability in BTC is to increase block size.
A single block takes 10 min on average for proof-of-work. Increased block will also take same time for ...

I can see that my bitcoin transfers becomes real when my exchange detects 2 or more confirmations.
I believe each confirmation is a validation. Am I correct? If so, How many confirmations will have ...

I have a basic question on Bitcoin and blockchain:
Sometimes transactions are confirmed almost instantly, but there should be a new block every 10 minutes, so how is it possible? A transaction can be ...

I'm working on a webapp right now (for me personally) and I now come to the part where I want to validate if someone send me a certain amount of altcoin, lets say Verge, and if I received said amount ...

From the bitcoin RPC, both gettransaction and getblock returns a confirmation number in their response, are they always the same? Is there a case a transaction's confirmations isn't the same as its ...

My coins were sent with low fees by bitclub advantage. Due to this, the transaction is marked on blockchain as 'unconfirmed transaction'. I have tried to get the sender to reverse the transaction or ...

In the past year only, the bitcoin mining difficulty has increased fivefold. If in the coming years the difficulty increases so much that mining is no longer profitable (i.e. consumes more power than ...

I know my question will likely be marked as a duplicate, but I do not see how to apply that answer in the case of a Ledger Nano S wallet. Doesn't using the Bitcoin wallet software require downloading ...

If a transaction gets a minimum of 3 confirmations, does that mean that the BTCs have reached the destination address? I have a case where the transaction has gone through multiple confirmations but ...

I just had some questions in regards to relating fee/byte to confirmation. From an exchange the withdrawal fee for bitcoin is fixed to 0.0005 btc but the bytes vary very much, and thus you get very ...

To be more precise, consider the following situation:
Address A gets an input of 4 BTC.
You try to make a transaction from A to B with 1 BTC and a very low fee, which means its unconfirmed for a long ...

I wish to allow people to purchase items at my shop using bitcoin. I've heard however that blocks take 10 minutes on average to process and transactions may not even be processed in the next block if ...

Let's say the transaction got picked up into a block by miner A and into a block by miner B. Both are working on those separate blocks, and each block contains information about Alice's transaction ...

I am using Ledger Nano S hardware wallet to store my bitcoins. Last week, for an experiment, I decided to send bitcoins to hitbtc currency exchange with zero btc fees. I was wondering how many hours ...

I hope you are well.
I sent NautilusCoin from Bittrex to Poloniex,
and it has taken more than 1 day, over the 1440 confirmations,
that should be the maximum on the Nxt network which it uses.
Here it ...